Consumption describes the individual use of products that can lead to externalities
What is consumption externalities?EXTERNALITIES OF CONSUMPTION. A negative consumption externality occurs when a person's consumption lowers the well-being of others who are not reimbursed by the person. The direct advantage to consumers of consuming an additional unit of an item is known as the private marginal benefit (PMB).
In economics, consumption externalities exist when the utility function of an individual openly and directly takes into account the consumption of others, or when that individual is directly influenced by the consumption of others.
What are negative externalities in consumption?A product's creation or use incurs costs for a third party, which is known as a negative externality. Commonly used illustrations of negative externalities are noise and air pollution.
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Answer:
Private consumption
Explanation:
just passed the test
Oceans inc. , a seafood distributor, agrees to buy from paul, a commercial fisherman, any "overstock" of fish that paul catches in excess of his legal limit. This agreement is most likely?
Oceans Inc., a seafood distributor, agrees to buy from Paul, a commercial fisherman, any "overstock" of fish that Paul catches in excess of his legal limit. This agreement is most likely void. Option C. This is further explained below.
What is overstock?Generally, Oceans Inc., a distributor of seafood, has reached an agreement with Paul, a commercial fisherman, to purchase any "overstock" of fish that Paul captures in excess of the legal limit for his vessel.
This results in an increase in financial expenses since the investment is left in the storage facility rather than being used to generate cash flow or profits. Drives up the cost of logistics due to the fact that warehouse upkeep sometimes results in unused space and additional labor charges.
In conclusion, Overstocking, often known as "surplus stock," occurs when retailers buy more of a product than they actually move out of their shops. If a retailer overorders goods, they will end up with an excessive amount of stock. This surplus merchandise will either be left on shop shelves or in the warehouse, which may be detrimental to the company's profitability.
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Complete question
Oceans Inc., a seafood distributor, agrees to buy from Paul, a commercial fisherman, any "overstock" of fish that Paul catches in excess of his legal limit. This agreement is most likely
a. enforceable.
b. valid.
c. void.
d. voidable.
A sitcom actor, exhausted after his 10-hour workweek, agrees to buy a briefcase full of cocaine from lewis for $12,000. john and the actor have a ______________ contract.
A sitcom actor, exhausted after his 10-hour workweek, agrees to buy a briefcase full of cocaine from lewis for $12,000. john and the actor have a void contract.
Cocaine is a potent central nervous system (CNS) stimulant derived from the leaves of two coca species native to South America, Erythroxylum coca and Erythroxylum novogranatense, which can be snorted, heated to the sublimation point, inhaled or dissolved. injected into the body. vein.
Cocaine stimulates reward pathways in the brain. Psychological effects include intense feelings of euphoria, sexual arousal, loss of reality, and restlessness. [Physical effects include increased heart rate, sweating, and dilated pupils.] High doses can lead to high blood pressure and elevated body temperature. The effect appears within seconds to minutes after application and lasts from 5 to 90 minutes. Cocaine also has paralyzing and vasoconstrictive effects, so it is sometimes used to reduce pain, bleeding, and vocal cord spasms during throat and nose surgery.
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As long as a firm’s total revenue is greater or equal to its ________, the firm will continue to operate in the short-run.
As long as a firm’s total revenue is greater or equal to its variable cost, the firm will continue to operate in the short-run. An expense for the company that varies according on how much is the produced or sold is called a variable cost. The depending on a company's production or sales volume, variable costs grow or fall.
They climb as production rises and reduce as production declines. A manufacturing company's raw material and packaging costs, or a retail business' credit card transaction fees or shipping costs, which increase or decrease with sales, are examples of the variable costs.
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Eliza reported net income of $45,000 for the year 2015. what is the amount of the corrected net income (ignoring income taxes) for 2015?
$45,000 is the amount of the corrected net income (ignoring income taxes) for 2015
What is net income?Net income is defined in business and accounting as an entity's income less cost of goods sold, costs, depreciation and amortization, interest, and taxes for an accounting period.
Net revenue reporting, which subtracts the cost of goods sold from gross revenue, provides a more accurate view of the bottom line.
Profit is just the revenue left over after expenses; it exists on various levels, depending on whatever costs are removed from revenue. Net income, or net profit, is a single statistic that represents a certain form of profit. The well-known bottom line on a financial statement is net income.
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Which type of investment works by taking investors’ money, investing that collective money in stocks, bonds, and other investments, and managing this portfolio for the investors?
Mutual funds investment works by taking investors’ money, investing that collective money in stocks, bonds, and other investments, and managing this portfolio for the investors.
A Mutual Fund is what?A mutual fund is a type of financial vehicle that combines shareholder funds to invest in securities such as stocks, bonds, money market instruments, and other assets. Professional money managers run mutual funds, allocating the assets and aiming to increase investors' capital gains or income.
Can Shares in Mutual Funds Be Sold Anytime?
Shares in mutual funds are regarded as liquid assets and may be sold at any time; nevertheless, you should carefully review the fund's exchange and redemption fee regulations. Capital gains from mutual fund redemptions may also have tax repercussions.
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Which media selection consideration relates to the percent of target audience exposed to the ad at least once during a specified period
The media selection consideration that relates to the percent of target audience exposed to the ad at least once during a specified period is Reach.
What is an advertisement's reach?The reach of an ad refers to just how much of the audience that it was meant to reach have been reached.
This can further be broken down as the percentage of people that were meant to be reached by an ad that were actually reached. A higher reach means that the advertisement was successful.
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The Mansfield Public Library has a large number of books that anyone with a library card may borrow. Anyone can obtain a card for free. Because the number of copies of each book is limited, not everyone can have the same book at the same time. What type of good would the library books be classified as in this case
Library books would be classified as common resources in this case
A not unusual useful resource (or the "commons") is any scarce useful resource, consisting of water or pasture, that offers customers tangible benefits however which nobody especially owns or has a different claim to.
In economics, a commonplace-pool resource is a type of proper which includes a herbal or human-made useful resource gadget, whose length or characteristics makes it high priced, but not impossible, to exclude potential beneficiaries from obtaining benefits from its use.
Two defining characteristics of a commonplace resource are rivalry and non-excludability: Nonexcludabiity- regarding not unusual sources, non-excludability refers to the incapability to exclude others from using the aid.
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Dilution solutions, inc. repurchased 500 shares of its $2 par value common stock for $10,000. the effect of this transaction on the accounting equation, using the cost method, includes a ______. (check all that apply.) multiple select question. $10,000 increase in treasury stock $1,000 increase in stockholders' equity $10,000 decrease in cash $9,000 decrease in additional paid-in capital
$10,000 increase in Treasury Stock is the effect of this transaction.
What is cost method?The cost method exists as a method of accounting. It is utilized for recording precise investments in a company's financial statements. This particular method lives used when an investor has little or no effect over the investment that they own.
The cost method of accounting is used for recording particular investments in a company's financial statements. This method is used when the investor exercises little or no influence over the acquisition that it owns, which exists typically represented as owning less than 20% of the company.
Treasury stock stands also known referred to as treasury shares and it happens when stock stands bought by the issuing company back from the stockholders.
This results in a reduction in the whole number of outstanding shares that can be found on the open market. In the above scenario, since Dilution Solutions, Inc. repurchased 500 shares of its $2 par value common stock for $10,000, this will get about a $10,000 gain in the treasury stock.
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How many business days do you have to cancel a private loan after it has been disbursed? 0 3 7
3 business days to cancel a private loan after it has been disbursed
Monday through Friday are considered business days, but public holidays* and weekends are not business days. *New Balance holidays may fall on weekdays. If the observed holiday falls on a Saturday, New Balance usually observes it on the preceding Friday.
A business day is a single day, Monday through Friday (usually 9:00 am to 5:00 pm on each business day). Two business days means two days counted in the period from Monday to Friday.
No, Saturdays are not considered business days. Many shops, restaurants, services, and businesses are open on Saturdays, but count as extended business days instead of business days as banks and many service companies are closed on this day
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Select the correct answer from the drop-down menu. which law ensures that employers pay a minimum wage to their employees? the ensures that employers pay a minimum wage to their employees.
The Federal law ensures that employers pay a minimum wage to their employees.
What is the meaning of a federal law?
Federal laws are bills that have passed both houses of Congress, been signed by the president, passed over the president's veto, or allowed to become law without the president's signature.Individual laws, also called acts, are arranged by subjects in the United States Code.What is an example of a federal law?
Federal anti-discrimination and civil rights laws that protect against racial, age, gender and disability discrimination. Patent and copy right laws.Federal criminal laws such as laws against tax fraud and the counterfeiting of money.Learn more about federal law here:
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What would happen if the british government increased the number of airplanes it buys from american aeronautics companies?
If the British government increases the number of airplanes it buys from American aeronautics companies, the demand for the American currency will increase.
When price of a foreign currency falls, imports from that foreign country become cheaper. So, imports increase and hence, the demand for foreign currency rises. So when the British government increases the number of airplanes it buys from America then the demand for the American currency will increase.
A country with a high demand for its goods tends to export more than it imports, increasing demand for its currency. A country that imports more than it exports will have less demand for its currency.
Hence, the answer is given and explained above.
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The inability to sell infrequently traded investments (resulting in a loss of value) describes?
The inability to sell infrequently traded investments (resulting in a loss of value) describes liquidity risk.
A company's or an individual's liquidity refers to its capacity to settle its debts without suffering severe losses.
Liquidity measurement ratios are used by creditors, managers, and investors to assess the risk of a business.
Liquidity risk occurs when a company, organization, or financial institution is unable to pay its short-term debt obligations.
When a company, organization, or financial institution is unable to pay its short-term debt obligations, liquidity risk arises.
There may not be enough bidders or an inefficient market, which would prevent the investor or company from selling the asset for cash without forfeiting money and income.
Hence, liquidity risk is the answer.
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A transaction in which an owner of tangible personal property transfers the property to another party while still retaining ownership of such property is known as a?
A transaction in which an owner of tangible personal property transfers the property to another party while still retaining ownership of such property is known as a " Bailment".
What do you mean by Bailment?
The term Bailment is the term under the law which describe the possession of particular of property that is given by seller to buyer without transferring the ownership.
The example of this type of bailment include contracts for the lease of a car, movement of goods and sale of goods on consignment basis.
According to the English Common Law, it would justify that the right of a person to possess a thing without owning the thing. This type of right authorize the specific transactions to be conducted without the generation of any legal ownership.
At the time when bailor transfer the property to bailee, bailee can used this property of his/her personal use, create a relation between bailor and bailee and for the benefit of bailor only.
This bailment is generally defined as the contract based upon the condition of possession only. In which the property can be disposed off as per the direction of bailor.
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When starbucks expanded its current products into global markets, it was pursuing which growth strategy?
Starbucks was pursuing market development growth strategy.
What is market development?Market development is a growth strategy for existing products that finds and develops new market niches. Non-buying clients in currently targeted segments are the focus of a development plan. It also seeks new clients in new markets.
Market Development Strategy is a growth strategy implemented by businesses or organisations to expose their product or solution to target consumers that they have yet to reach or are not already serving. As an example, suppose your software company has a new product offering.
A corporate growth plan that focuses on introducing existing items to new markets is known as a market development strategy. A market development plan assists businesses during their expansion phase.
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Gross domestic product (gdp) increases if prices decrease by ________ and quantities produced increase by ________.
Gross domestic product (GDP) increases if prices decrease by (C) 2 percent and quantities produced increase by 4 percent.
What is Gross domestic product (GDP)?Gross domestic product (GDP) is a monetary measure of the market value of all final products and services produced by countries in a given time period. Because of its complexity and subjectivity, this metric is frequently changed before being regarded as a credible indication. Rising GDP means more employment will be created, and workers will be able to earn higher pay raises. If GDP falls, the economy shrinks, which is bad news for firms and people. A recession occurs when GDP falls for two quarters in a row, which can result in pay freezes and job losses.Gross domestic product (GDP) rises when prices fall by 2% and output rises by 4%.Therefore, gross domestic product (GDP) increases if prices decrease by (C) 2 percent and quantities produced increase by 4 percent.
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The complete question is given below:
Gross domestic product (GDP) increases if prices decrease by ________ and quantities produced increase by ________.
(A) 4 percent; 2 percent
(B) 3 percent; 1 percent
(C) 2 percent; 4 percent
(D) 3 percent; 3 percent
(E) 2 percent; 2 percent
On November 1, Carter Company signed a 120-day, 10% note payable, with a face value of $9,000. What is the adjusting entry for the accrued interest at December 31 on
The following adjusting entries are required on 31 December:
Dr. Interest expense $150
Cr. Interest payable $150
What is accrued interest?
Accrued interest is the fraction of the total interest of 120-day interest that has become due on December 31, which the Carter Company is owing but would not make payment until the maturity of the note payable.
The accrued interest can be computed as the face value multiplied by the interest rate multiplied by 60 days divided by 360 days.
The interest of 10% is annual interest which makes 360 days, since the interest due is just for 60 days, 2 months, the interest needs to be time apportioned
Accrued interest=$9000*10%*60/360
Accrued interest=$150
What entries are required on 31 December?
We need to debit interest expense as an increase in expense is a debit entry and credit interest payable which is an increase in liability.
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Systems that deny the entry or exit of specific ip addresses, products, internet domains, and other communication restrictions are said to employ a(n):__________.
Systems that deny the entry or exit of specific ip addresses, products, internet domains, and other communication restrictions are said to be blacklisted.
Search engines employ domain blacklists to distinguish between legal and fraudulent websites. Search engines don't have to list websites that are discovered to be contaminated with malware and viruses thanks to domain blacklists. The search engines employ these blacklists to stop websites that have been identified as being infested with malware and viruses from rising to the top of the search results. Because many websites are unaware that they have spyware or viruses on their website, search engines are working to get past this issue.
When a domain is blacklisted, it indicates that it has become associated with spam and that its reputation has suffered. A blacklist is a list of blacklisted domains and IP addresses that consumers cannot access directly and that servers use to block emails from such domains.
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Inventory shipped fob shipping point and in transit on the last day of the year should be included in?
Inventory shipped FOB shipping point and in transit on the last day of the year should be included in the inventory balance of the seller.
If the goods are shipped Free On Board (FOB) shipping point, the transportation costs are paid by the buyer and the title passes when the carrier takes the possession of goods. Thus, these goods become the part of the buyer's inventory while in transit.
For instance, if the terms of the sale are Free On Board destination, the seller will not have a sale and receivable until January 2. This means the seller must include the cost of the goods in transit in its inventory as of December 31.
Hence, the answer is given and explained above.
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Next year baldwin plans to include an additional performance bonus of 0. 5% in its compensation plan. This incentive will be provided in addition to the annual raise, if productivity goals are reached. Assuming the goals are reached, how much will baldwin pay its employees per hour?.
Baldwin pays to its employees per hour is $29.63, if productivity goals are reached.
What is productivity goals?Productivity objectives are aimed at increasing the amount of value you create in a given amount of time, such as an hour or a month.
For a more realistic picture, write down a thorough description of your goal, including particular duties, roles, and responsibilities, as well as any challenges or issues that may arise.
Productivity is the ability to generate, particularly at a high quality and rapid pace. Being able to complete high-quality school work in a short period of time is an example of productivity. Productivity can be measured by how rapidly a toy manufacturer can produce toys.
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A _________________ economy is a system that depends on the customs of the people involved.
A traditional economy is a system that depends on the customs of the people involved.
A traditional economy is that economic system in which traditions, beliefs and customs helps in shaping the goods and services which are produced in the economy, as well as the rule and manner of their distribution are considered. Countries that use this traditional economic system are often farm-based and rural too.
Traditional economy is also known as a subsistence economy.
Generally a traditional economy is defined by trading and bartering. Generally a little surplus is produced and if any excess goods are produced, they are typically given to a ruling authority or landowner.
Traditional economies are generally based on custom and tradition with economic decisions based on the customs and beliefs of the family, clan, or tribe.
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When the brazilian real changes from 1000 real per u. s. dollar to 1500 real per u. s. dollar, the real is?
When the Brazilian Real changes from 1000 real per U. S. dollar to 1500 Real per U. S. dollar, the real is devalued.
If the Brazilian Real appreciates relative to the U.S. dollar, the number of reals furnished increases because the lower fee (in real) for U.S. goods induces Brazilians to shop for extra U.S. products.
If an international location's actual trade price is growing, its method of its of goods has become extra costly relative to its competitors. Growth within the actual alternate charge means humans in a country can get more foreign goods for an equal quantity of domestic goods.
While the dollar appreciates, exports lower because they may be now more pricey for foreigners to shop for and imports growth inflicting internet exports to decrease. When the dollar appreciates, exports lower because they're now greater high-priced for foreigners to shop for and imports grow to inflict net exports to decrease.
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An individual who previously worked as a salaried corporate attorney loses his or her job. Subsequently, the individual now works as an hourly wage employee at a retail store. This individual has experienced which type of social mobility?.
This individual has experienced Vertical type of social mobility.
What is social mobility?Individuals, families, homes, and other groups of people migrate within or between social strata in a society, which is referred to as social mobility. It is a shift of social status in relation to one's current social position within a society.
The ability of people to migrate between socioeconomic strata during their lifetime and between generations is referred to as social mobility. [a] Individual results in nations with minimal social mobility are heavily influenced by their beginning point in life.
The link between a person's occupation or income and their parents' occupation or income is referred to as social mobility. There is less social mobility if there is a strong relationship. There is more social mobility where there is a weak connection.
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Overnight trucking recently purchased a new truck costing $150,800. The firm financed this purchase at 8. 6 percent interest with monthly payments of $2,100. How many years will it take the firm to pay off this debt?.
8.44 years will take the firm to pay off this debt.
What is debt?Debt is an obligation that forces one party, the debtor, to pay another party, the creditor, money or other agreed-upon value. Debt is a delayed payment or series of payments that differs from an immediate purchase.
Student loans, mortgages, and company loans are examples of "good" debt, which is defined as money due for things that can help develop wealth or boost income over time. "Bad" debt is defined as credit card or other consumer debt that does little to help your financial situation. These are overstatements.
While both words refer to money owed, credit and debt are not synonymous. Debt is money owed, whereas credit is money borrowed.
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What factors are used in the rule-of-thumb methods to determine the communication budget?.
Prior sales and communication activities
To determine the current communication budget, rule-of-thumb methods use prior sales and communication activities. These methods are simple to implement, but they do have some limitations.
What is rule-of-thumb?
A rule-of-thumb is a heuristic guideline that gives simplified counsel or a fundamental rule-set for a certain subject or course of action. It is a broad principle that provides specific directions for completing or performing a task. Generally, rules of thumb emerge from practice and experience rather than scientific study or a theoretical underpinning.
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Firms are able to gain a better understanding of customers' service expectations by using quantitative and qualitative market ______, which can be extensive and expensive.
Firms are able to gain a better understanding of customers' service expectations by using quantitative and qualitative market research, which can be extensive and expensive. Market research is the practice of evaluating the viability of a new service or product by interviewing prospective customers firsthand.
Market research enables a business to identify the target market and obtain consumer comments and other input regarding their interest in the good or service. By speaking with potential customers directly, businesses employ market research to assess the viability of new good or service. Focus groups, polls, and product testing are all part of research.
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A chinese student pays tuition at a u.s. university. the chinese government classifies this transaction as?
A Chinese student pays tuition at a U.S. University. The Chinese government classifies the transaction as A service import.
What is service import?A service import is usually transactions of goods and services from non-residents to residents.
In this case, A Chinese student pays tuition at a U.S. University. The Chinese government classifies the transaction as A service import.
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Profits the company keeps and reinvests in the firm are called ______.
a. retained earnings
b. net profits
c. advanced capital
d. gross profits
Profits the company keeps and reinvests in the firm are called a. retained earnings.
Retained earnings is the amount of profit left by a company after paying all direct costs, indirect costs, income taxes, and dividends to shareholders. This represents a portion of the company's equity that can be used to invest in new equipment, research and development, and marketing, for example.
Retained Earnings is a term used to describe a company's past profits that have not been paid out as dividends. Appears in the equity section of the balance sheet. This is a measure of all profits the company has made since its inception.
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Suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing?
Both the firm will end up choosing advertising.
Advertising is constantly there, even if the individuals are unaware of it. In today's society, the advertising uses every available medium to spread the message. This is accomplished through the use of television, print (the newspapers, the magazines, the journals, etc.), radio, press, the internet, direct selling, hoardings, mailers, contests, sponsorships, posters, outfits, events, color, noises, images, and even people.
The advertising industry is made up of the companies that advertise, agencies that create the advertisements, media that broadcasts the advertisements, and a slew of the people such as the copy editors, visualizers, the brand managers, researchers, creative heads, and the designers who go the extra mile to reach the customer or receiver.
Therefore, the answer is both of the firms will end up choosing the advertising.
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When consumers believe that various items provide the same set of attributes, brand _________ results.
When consumers believe that various items provide the same set of attributes, brand recognition results. The degree to which a consumer can correctly identify a specific good or service only by looking at its logo, tagline, packaging, or marketing campaign is known as brand recognition.
An aural cue, such as a jingle or theme tune related to a brand, can also cause brand recognition. For instance, if you see the pink and orange Dunkin Donuts lettering up ahead, you would immediately recognize it as Dunkin Donuts even before you could make out the words. Identify a brand without being explicitly exposed to its name by using visual.
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In sap, each business process transaction that writes data to the database creates a?
Each business process transaction that writes data to the database creates a uniquely numbers electronic document.
The database isolation degree is utilized by default for transactions. can select to specify the isolation degree for a transaction the usage of the Isolation. Level belongings while you begin the transaction. The isolation stage applies to all statements accomplished inside the transaction. The .internet data provider helps photo isolation.
The locks that the database server makes use of when you execute a sq. announcement rely upon the transaction's isolation degree. Utility facts is the statistics which the SAP needs for itself.
Transactional databases are optimized for jogging manufacturing structures the entirety from websites to banks to retail shops. those databases excel at analyzing and writing man or woman rows of facts right away whilst preserving records integrity.
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